Intimation for Receipt of Listing Approval for 25,00,000 Equity Shares issued on Preferential basis.
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Comfort Fincap Ltd has received listing approval from BSE for 25,00,000 equity shares of face value Rs. 2 each, issued at a premium of Rs. 7 per share. The total issue price is Rs. 9 per share. The shares were issued to both Promoters and Non-Promoters on a preferential basis, arising from the conversion of warrants. The BSE approval letter is dated April 17, 2026. This represents a dilution event where new shares are being admitted to the exchange upon warrant conversion.
Existing shareholders face dilution as 25 lakh new shares are listed, increasing the equity base. The impact on stock price will depend on market perception of the conversion and the use of funds from warrant conversion.